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Finance and reporting analyst education requirements

Updated January 8, 2025
4 min read

There are several educational requirements to become a finance and reporting analyst. Finance and reporting analysts usually study accounting, business, or finance. 76% of finance and reporting analysts hold a bachelor's degree, and 18% hold an master's degree. We analyzed 1,969 real finance and reporting analyst resumes to see exactly what finance and reporting analyst education sections show.

The most common colleges for finance and reporting analysts are the University of Phoenix and the University of Phoenix.

There are also many online finance and reporting analyst courses to help get the education required to be a finance and reporting analyst.

There are certain finance and reporting analyst certifications that you should consider. These finance and reporting analyst certifications include Chartered Financial Analyst (CFA) and Certified Management Accountant (CMA).

What education do you need to become a finance and reporting analyst?

What degree do you need to be a finance and reporting analyst?

The most common degree for finance and reporting analysts is bachelor's degree, with 76% of finance and reporting analysts earning that degree. The second and third most common degree levels are master's degree degree at 18% and master's degree degree at 4%.
  • Bachelor's, 76%
  • Master's, 18%
  • Associate, 4%
  • Doctorate, 1%
  • Other Degrees, 1%

What should I major in to become a finance and reporting analyst?

You should major in accounting to become a finance and reporting analyst. 33% of finance and reporting analysts major in accounting. Other common majors for a finance and reporting analyst include business and finance.

Most common colleges for finance and reporting analysts

Finance and reporting analysts often get their degrees at University of Phoenix, Northeastern University, and University of South Florida. Here are the most common colleges for finance and reporting analysts in the US based on their resumes.
Finance and reporting analyst common collegePercentages
University of Phoenix9.82%
Northeastern University7.64%
University of South Florida5.82%
University of Houston5.82%
University of Delaware5.82%

Best majors for finance and reporting analysts

RankMajorPercentages
1Accounting33.3%
2Business27.9%
3Finance21.8%
4Economics3.8%
5Management2.0%

Best colleges for finance and reporting analysts

The best colleges for finance and reporting analysts are Northwestern University, University of Pennsylvania, and Vanderbilt University.

A finance and reporting analyst with advanced education typically earns a higher salary and has access to better jobs. That's why Zippia looked into the best colleges for finance and reporting analysts. We based this list on several metrics: admissions rate, retention rate, mean earnings of graduates, the ratio of working vs. non-working students ten years after admission, the average cost of attendance, and median debt for graduates who become finance and reporting analysts.

1. University of Pennsylvania

Philadelphia, PA • Private

In-state tuition

$55,584

Enrollment

10,764

2. Northwestern University

Evanston, IL • Private

In-state tuition

$54,568

Enrollment

8,451

3. University of Southern California

Los Angeles, CA • Private

In-state tuition

$56,225

Enrollment

19,548

4. San Diego State University

San Diego, CA • Private

In-state tuition

$7,488

Enrollment

30,018

5. Boston University

Boston, MA • Private

In-state tuition

$53,948

Enrollment

17,238

6. SUNY Stony Brook

Stony Brook, NY • Private

In-state tuition

$9,625

Enrollment

17,407

7. New York University

New York, NY • Private

In-state tuition

$51,828

Enrollment

26,339

8. University of Minnesota - Twin Cities

Minneapolis, MN • Private

In-state tuition

$14,760

Enrollment

31,451

9. University of Illinois at Urbana-Champaign

Champaign, IL • Private

In-state tuition

$15,094

Enrollment

32,974

10. University of Notre Dame

Notre Dame, IN • Private

In-state tuition

$53,391

Enrollment

8,568

20 best online courses for finance and reporting analysts

Advertising disclosure

1. Introduction to Finance and Accounting

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This specialization provides an introduction to corporate finance and accounting, emphasizing their application to a wide variety of real-world situations spanning personal finance, corporate decision-making, financial intermediation, and how accounting standards and managerial incentives affect the financial reporting process.\n\nIt begins with concepts and applications like time value of money, risk-return tradeoff, retirement savings, mortgage financing, auto leasing, asset valuation, and...

2. Financial Statements: Balance Sheet, Income Stmt, Cash Flow

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How To Quickly Read & Understand The Big 3 Financial Statements: Balance Sheet, Income Statement, Cash Flow Statement...

3. Finance & Accounting for Management Consultants and Analysts

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4.4
(430)

A practical guide that will help you understand financial statements & do financial analyses during consulting projects...

4. Financial Accounting-Adjusting Entries & Financial Statement

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4.6
(930)

Master Adjusting Entries & Financial Statements: A Comprehensive Guide for Accurate Accounting and Reporting...

5. Financial Accounting - Subsidiary Ledgers & Special Journals

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4.5
(580)

Mastering Special Journals and Subsidiary Ledgers: A Comprehensive Guide to Streamlined Accounting Practices...

6. Accounting & Financial Statement Analysis: Complete Training

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4.6
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Accounting & Financial Ratio Analysis made easy. Learn important accounting skills that will get your foot in the door!...

7. Financial Reporting & Analysis: Complete Preparation

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4.5
(1,533)

Learn to Read, Understand, and Analyse the Financial Statements of a Company...

8. The Complete Introduction To Accounting and Finance

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4.3
(1,879)

The Original Course on Accounting & Finance! It's easy once you know the basics. Learn introductory accounting & finance...

9. Principles of Financial Accounting

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4.5
(875)

Learn the complete accounting cycle -recording business transactions to presenting the Balance Sheet & Income Statement...

10. Advanced Financial Accounting: Acquisitions & Consolidations

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4.1
(703)

Acquisitions, Consolidations, and Reporting. Master complex concepts and applications...

11. Accounting basics, create financial statements easily

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4.5
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Discover, develop, practice your financial information and explore the world of accounting...

12. Xero Bookkeeping & Accounting, w/ Set-up & Reporting

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4.3
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From Set-up to Bookkeeping, Accounting, Reporting, & Financial Statements in Xero with a Certified Xero Advisor...

13. Microsoft Excel for Finance, Accounting & Financial Analysis

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Excel tips & tricks for Accounting, Finance and Financial Analysis. Learn from the Bestselling Accounting Instructor...

14. Financial Accounting: The Complete Introductory Crash Course

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4.5
(1,604)

Learn the Basics of Financial Accounting: Financial Statements, Debits and Credits, The Accounting Cycle and More!...

15. Financial Statement Analysis

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4.7
(255)

Learn how to make understanding financial statements your superpower!...

16. Accounting & Bookkeeping Masterclass - Beginner to Advanced

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4.5
(4,371)

Accounting, Bookkeeping Introduction, Accounting, Bookkeeping Entries, Accounting, Bookkeeping Adjustments & Reports...

17. Fundamentals of Business Finance 2: Learn Quick and Easy

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5
(346)

Learn basic finance in 120 minutes! Learn how to create and analyze basic financial reports...

18. Power BI Financial Reporting & Financial Analysis: A to Z

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4.6
(688)

The Ultimate Hands-On Microsoft Power BI & DAX Financial Statements, Reporting, Analytics, Visualization, & BI Course...

19. How to Read Financial Statements: Build Financial Literacy.

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4.5
(811)

Read financial statements and speak the language of business without the drudgery of a traditional accounting course...

20. Introduction to Finance, Accounting, Modeling and Valuation

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4.5
(30,719)

Learn Finance & Accounting from Scratch by an Award Winning MBA Professor, Ivy Grad, worked @ Goldman & VC...

Top 10 most affordable universities for finance and reporting analysts

The most affordable schools for finance and reporting analysts are Baruch College of the City University of New York, suny farmingdale, and brooklyn college of the city university of new york.

If the best universities for finance and reporting analysts are out of your price range, check out these affordable schools. After factoring in in-state tuition and fees, the average cost of attendance, admissions rate, average net price, and mean earnings after six years, we found that these are the most affordable schools for finance and reporting analysts.

1. Baruch College of the City University of New York

New York, NY • Private

In-state tuition

$7,262

Cost of attendance

14,046

2. SUNY Farmingdale

Farmingdale, NY • Private

In-state tuition

$8,306

Cost of attendance

16,091

3. Brooklyn College of the City University of New York

Brooklyn, NY • Private

In-state tuition

$7,240

Cost of attendance

13,991

4. California State University - Long Beach

Long Beach, CA • Private

In-state tuition

$6,798

Cost of attendance

18,306

5. USF Sarasota-Manatee

Sarasota, FL • Private

In-state tuition

$5,587

Cost of attendance

13,043

6. University of Puerto Rico - Mayaguez

Mayaguez, PR • Private

In-state tuition

$4,094

Cost of attendance

14,302

7. California State University - Fullerton

Fullerton, CA • Private

In-state tuition

$6,886

Cost of attendance

17,645

8. Brigham Young University

Provo, UT • Private

In-state tuition

$5,620

Cost of attendance

18,136

9. Florida International University

Miami, FL • Private

In-state tuition

$6,556

Cost of attendance

19,434

10. California State University - Dominguez Hills

Carson, CA • Private

In-state tuition

$6,942

Cost of attendance

14,469

Top 10 hardest universities to get into for finance and reporting analysts

The hardest universities for finance and reporting analysts to get into are Northwestern University, University of Pennsylvania, and Vanderbilt University.

Some great schools for finance and reporting analysts are hard to get into, but they also set your career up for greater success. The list below shows the most challenging universities to get into for finance and reporting analysts based on an institution's admissions rates, average SAT scores accepted, median ACT scores accepted, and mean earnings of students six years after admission.

1. Northwestern University

Evanston, IL • Private

Admissions rate

8%

SAT average

1,508

2. University of Pennsylvania

Philadelphia, PA • Private

Admissions rate

8%

SAT average

1,492

3. Vanderbilt University

Nashville, TN • Private

Admissions rate

10%

SAT average

1,514

4. University of Southern California

Los Angeles, CA • Private

Admissions rate

13%

SAT average

1,445

5. New York University

New York, NY • Private

Admissions rate

20%

SAT average

1,419

6. Boston University

Boston, MA • Private

Admissions rate

22%

SAT average

1,420

7. Carnegie Mellon University

Pittsburgh, PA • Private

Admissions rate

17%

SAT average

1,507

8. Washington University in St Louis

Saint Louis, MO • Private

Admissions rate

15%

SAT average

1,506

9. Boston College

Chestnut Hill, MA • Private

Admissions rate

28%

SAT average

1,429

10. Northeastern University

Boston, MA • Private

Admissions rate

19%

SAT average

1,466

Top 10 easy-to-apply-to universities for finance and reporting analysts

The easiest schools for finance and reporting analysts to get into are Oklahoma Wesleyan University, holy names university, and university of houston - downtown.

Some schools are much easier to get into. If you want to start your career as a finance and reporting analyst without much hassle, check out the list of schools where you will be accepted in no time. We compiled admissions rates, average SAT scores, average ACT scores, and average salary of students six years after graduation to uncover which were the easiest schools to get into for finance and reporting analysts.

1. Oklahoma Wesleyan University

Bartlesville, OK • Private

Admissions rate

68%

SAT average

964

2. Holy Names University

Oakland, CA • Private

Admissions rate

70%

SAT average

849

3. University of Houston - Downtown

Houston, TX • Private

Admissions rate

83%

SAT average

1,012

4. Notre Dame College

Cleveland, OH • Private

Admissions rate

90%

SAT average

994

5. Barry University

Miami, FL • Private

Admissions rate

91%

SAT average

1,006

6. University of North Texas at Dallas

Dallas, TX • Private

Admissions rate

83%

SAT average

992

7. Oregon Institute of Technology

Klamath Falls, OR • Private

Admissions rate

96%

SAT average

1,139

8. Grand View University

Des Moines, IA • Private

Admissions rate

92%

SAT average

1,060

9. Fresno Pacific University

Fresno, CA • Private

Admissions rate

85%

SAT average

1,053

10. Holy Family University

Philadelphia, PA • Private

Admissions rate

72%

SAT average

1,017

Average finance and reporting analyst salary by education level

Finance and reporting analysts with a Doctorate degree earn more than those without, at $90,796 annually. With a Master's degree, finance and reporting analysts earn a median annual income of $80,765 compared to $72,653 for finance and reporting analysts with an Bachelor's degree.
Finance and reporting analyst education levelFinance and reporting analyst salary
Master's Degree$80,765
Bachelor's Degree$72,653
Doctorate Degree$90,796

Finance and reporting analyst education FAQs

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Updated January 8, 2025

Zippia Research Team
Zippia Team

Editorial Staff

The Zippia Research Team has spent countless hours reviewing resumes, job postings, and government data to determine what goes into getting a job in each phase of life. Professional writers and data scientists comprise the Zippia Research Team.

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